(WTVM) - As the new school year kicks off, it's important for parents and students to understand a thing or two about renters insurance.
It could mean the difference in losing thousands of dollars worth of items or getting money to replace them if something were to happen.
Sending your son or daughter to college is an experience that comes with exhilaration, stress and a measure of anxiety. And, then there is all the "stuff" like electronics, furniture, sports equipment and, perhaps a car.
You can relieve some of that worry by understanding how insurance works for college students and how to keep belongings safe while away from home.
"It's designed to protect them against things such as theft and weather-related claims would be some of the common ones we see for renters insurance," said Corey Lindsey, State Farm agent.
College students living in off-campus housing are ideal candidates for renters insurance since most of them bring thousands of dollars worth of personal items, such as a computer, textbooks and clothes with them to school. But not everyone agrees.
"I don't see a reason for it," said freshman Alexus Nelson.
"I don't think anyone would steal anything or anything would happen to it," said freshman Rhasan Brown.
But if it did, most likely it is the renter's responsibility to provide coverage for these valuable items.
If a college student is living in campus housing, the student may be covered under his or her parents' homeowners insurance policy. Call your agent to check--- don't just assume that's the case.
"So that peace of mind is pretty big when you talk about the renters policy not only does it cover the contents or the personal property items it could afford some liability protection in some cases," said Lindsey.
As the saying goes, better safe than sorry when it comes to your child's belongings at college.
We checked with Columbus State and Auburn University and neither school requires renters insurance for students living in campus housing but they do recommend it.
Also, if your child takes a vehicle to school, make sure he or she is adequately insured.